Romania: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Romania

The Romanian ketone and quinone market surged to $X in 2021, picking up by 46% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.2% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Production in Romania

In value terms, ketone and quinone production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Exports

Exports from Romania

In 2021, shipments abroad of ketones and quinones decreased by -12.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 96%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ketone and quinone exports surged to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.7% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 135%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Moldova (X tons) and Bulgaria (X tons) were the main destinations of ketone and quinone exports from Romania, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +12.6%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for ketones and quinones exports from Romania, comprising 92% of total exports. The second position in the ranking was held by Moldova ($X), with a 2.6% share of total exports. It was followed by Bulgaria, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-14.8% per year) and Bulgaria (-7.5% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, rising by 37% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2019 an increase of 99%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Romania

In 2021, approx. X tons of ketones and quinones were imported into Romania; growing by 7.7% compared with the year before. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 35%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of ketone and quinone to Romania, accounting for a 46% share of total imports. Moreover, ketone and quinone imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and the Netherlands (+18.3% per year).

In value terms, Germany ($X), Poland ($X) and France ($X) appeared to be the largest ketone and quinone suppliers to Romania, with a combined 64% share of total imports. The Netherlands, Italy, Hungary and Turkey lagged somewhat behind, together accounting for a further 21%.

Turkey, with a CAGR of +46.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, increasing by 49% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone import price increased by +102.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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